Europe smart home market is projected to register a CAGR of 18.5% in the forecast period of 2020 to 2027. The new market report contains data for historic year 2018, the base year of calculation is 2019 and the forecast period is 2020 to 2027.
Market Segmentation
Europe Smart Home Market By Product Type (Entertainment Controls, Security and Access Control, HVAC Control, Home Appliances, Smart Kitchen, Lighting Control, Smart Furniture, Home Healthcare and Others), Technology (Wireless, Wired), Software & Service (Behavioral, Proactive), Country (Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Hungary and Rest of Europe) Industry Trends and Forecast to 2027
Some of the major factors contributing to the growth of the Europe smart home market are:
- Rising disposable income of the customers and demand for security solutions are driving the market growth.
- Initiative for the smart energy saving product promotion and adoption like smart meter is supplementing the market growth
Market Players
Some of the major players operating in the smart home market are:
- SAMSUNG
- Robert Bosch GmbH
- Schneider Electric
- Siemens
- Haier Group
- Google (A Subsidiary of Alphabet Inc.)
- Resideo Technologies, Inc
- ABB
- Emerson Electric Co.
- Johnson Controls.
- Carrier
- Legrand
- ACUITY BRANDS LIGHTING, INC.
- The Chamberlain Group, Inc.
- Nice S.p.A.
- Sleep Number Corporation
- Lutron Electronics Co., Inc
- Leviton Manufacturing Co., Inc.
- Crestron Electronics, Inc.
- Lifi Labs, Inc.
- Kuna Systems
